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Curve pool imbalance triggers USDT depeg concerns: Finance Redefined

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This week in DeFi was dominated by a stablecoin depeg scare in Curve’s popular 3pool, where USDT value dropped by 0.3%, while Uniswap launched v4. All this and more in our Finance Redefined newsletter!

insights — a newsletter crafted to bring you the most significant developments from the past week.

In other news, a crypto trading bot programmed to execute arbitrage trades borrowed $200 million to make just over $3 in profit. DeFi lending platform Sturdy Finance was drained for $800,000. The protocol’s team offered a $100,000 bounty for returning the funds and reopened its stablecoin market on June 16. In another exploit, the Hashflow protocol was drained for $600,000; however, Hashflow assured users they would be “made whole.”

 

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